The $812 million figure for 2025 did not include the cost to build the rail system. Nor did it include many other expenses. TriMet's expenditures for this year are $1.185 billion.[1]
If you divide passenger miles for TriMet busses (141,726,107) by the number of revenue miles (21,195,016), you get an average of 6.7 passengers per bus, or around 10% of available seats. For MAX (the train) you get an average of 27.4 passengers per train, or around 16% of available seats. In both cases that's seats, not total capacity including standing room. I realize it's important to provision the system for peak demand, but still this seems very wasteful.
And because road wear scales with the fourth power of axle loading, a bus will typically cause 1,000x more road damage than a car.[2] Assuming every car on the road has only one occupant, this means that, on average, a TriMet bus causes 150x more road wear per occupant. The main externality created by cars is traffic.
I agree with you that public transportation can work. It clearly does in many places. But Portland's public transportation is dysfunctional, and I don't see that changing any time soon. That's why substitutes (even partial substitutes like Waymo) are beneficial. The more options people have for getting around, the better off they'll be.
1. https://trimet.org/budget/pdf/2026-adopted-budget.pdf
2. https://www.kgw.com/article/news/verify/yes-bus-more-road-da...